28 October 2021

AIB GROUP PLC

APPOINTMENT OF CHAIR

AIB Group plc and Allied Irish Banks, p.l.c. (together, "AIB" or the "Group") are very pleased to announce the appointment of Mr Jim Pettigrew as a non-executive Director and Chair of the Board following a selection process which was led by the Senior Independent Director, Carolan Lennon.  He will join the AIB Board and the Nomination and Corporate Governance Committee with immediate effect.

Mr Pettigrew has over thirty years' experience in UK and international financial services leadership in public, listed and private company environments, including at board level, as CEO and as Chair.  During his career he has worked with a number of the UK's top entrepreneurs and business leaders on complex business transformations and IPOs.   He was Chair of Scottish Financial Services, the Scottish financial services trade body.  He also served as co-chair of Scotland's Financial Services Advisory Board (FiSAB) with the First Minister of Scotland and is a former President of the Institute of Chartered Accountants of Scotland.  He recently retired as Chair of Virgin Money and CYBG plc (Clydesdale Bank) having overseen the bank's successful demerger from National Australia Bank Group, its IPO and acquisition of Virgin Money.  He has built considerable non-executive experience over the past ten years across retail, wholesale and investment banking, asset and wealth management and the insurance sectors. 

He is currently Chair of BlueBay Asset Management, Chair of Dundee Heritage Trust and Chair of Scottish Ballet.

Brendan McDonagh, Deputy Chair, said: 

"I congratulate Jim and am delighted to announce his appointment as Chair of the Board of AIB.  He brings a wealth of experience to the Group including in retail banking which, combined with his track record of providing clear strategic direction and vision at both the executive management and board levels, will enable him to make a very significant contribution to the Board and the Group over the coming years."

Carolan Lennon, Senior Independent Director, said:

"We are very pleased to announce this appointment today.  On behalf of the Board, I want to thank Brendan McDonagh, our Deputy Chair, for his leadership of the Board and the AIB Group through the COVID pandemic.  We look forward to his continued contribution to the Board in the future."

This announcement is made in accordance with Rule 6.1.64 of Euronext Dublin's Listing Rules and Rule 9.6.11 of the London Stock Exchange's Listing Rules.

The Group confirms that there are no other matters requiring disclosure under Rule 6.1.66 of Euronext Dublin's Listing Rules/Rule 9.6.13 of the London Stock Exchange's Listing Rules relating to Mr Jim Pettigrew.

-ENDS-

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